I managed only one post in the past two weeks about a “zero-interest” loan with high “fees”:
0% Interest
Here are some short takes and some weekend reading:
Justin Bender and Jason Heath disagree on whether to hold stocks in your RRSP or taxable account. Properly accounting for taxes, Justin is right; stocks are better in your RRSP.
Boomer and Echo report that Vanguard is entering the Canadian mutual fund market with 4 funds whose MERs are below 0.5% per year. It seems likely that Vanguard will do more to help Canadian investors than the Canadian Securities Administrators (CSA).
Tom Bradley at Steadyhand says the Canadian Securities Administrators’ failure to ban embedded commissions in their recent reforms caused “A bad day for the Canadian investor.”
The Blunt Bean Counter shares his experience and advice on giving money to your adult children or your parents. Don’t miss part 2 where he covers the reasons for money requests: need, seed, and greed.
Big Cajun Man sees a lot of FUD in financial markets.
FUD seems to be the key to driving the sheeples to the most lucrative (for the service provider) financial service possible. It works in politics, finances, sales and even news. Thanks for the inclusion this week.
ReplyDeleteThis wouldn't be the first time that private action has been more effective than government policy. Examples like this could go a long way right now, sadly too few will understand why it's meaningful.
ReplyDelete@Richard: Very true. Just because Canada's largest businesses keep doing conspicuous things against Canadians' interests doesn't mean we should give up on private action as a positive force.
DeleteAs the americans would say, the best way to stop a bad guy with a private corporation is a good guy with a private corporation :)
DeleteI wish Vanguard would consider getting into telecommunications in Canada :-) I'd enjoy using my cell phone more. LOL
ReplyDelete@Anonymous: Maybe they could become an ISP and bank too. Oh, and offer insurance.
DeleteAn intriguing carrot from Vanguard: fulcrum pricing! How enticing and apropos? A big blow to active Canadian mutual fund companies!
ReplyDelete